Making insurance markets work for the poor : microinsurance policy, regulation and supervision; Philippines case study
Date
2009
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Publisher
CGAP Working Group on Microinsurance
Abstract
This document presents the findings from the Philippines component of a five-country case study on the role of regulation in the development of microinsurance markets, and considers the influence that policy, regulation and supervision have on their development. Microinsurance in the Philippines is fundamentally group-based and largely microfinance-driven and illustrates how MFI-based microinsurance can evolve beyond the provision of credit life insurance to also provide life, accident and capital health insurance to members. The findings emphasize the need for a comprehensive approach to policy, informed by and tailored to domestic conditions, and adjusted continuously as the environment evolves.
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Case Study
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Keywords
MICROINSURANCE, MICROFINANCE, POVERTY, STATE INTERVENTION, INSURANCE COMPANIES, HEALTH LEGISLATION, PHILIPPINES